Tariff effects? US producer prices, UK trade and Europe’s industrial production
Signs today that inflation isn't beaten and tariffs are having an impact.
NAB Morning Call · NAB - The Morning Call
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Show Notes
Friday 15th August July 2025
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NAB’s Rodrigo Catril joins Phil on this morning’s podcast. Phil suggests there are three signs that tariffs are having an impact. First, producer prices were up more sharply than expected in the US. Second, the UK trade deficit fell sharply. And European industrial production fell too. They also look ahead to Japan’s GDP, retail sales for the US and China, pricing data from New Zealand, the US government’s plan for a stake in Intel and the atmosphere ahead of the Trump Putin meeting this time tomorrow.
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